Under fire over inflation, Biden nods to Fed and attacks Republicans - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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US President Joe Biden, under pressure to tame high inflation, sought to assure Americans on Tuesday that he understands what they are grappling with and that the Federal Reserve is working to resolve the top issue weighing on his administration.

Fewer than half of US adults – 44% – approve of Biden’s handling of the presidency and they rate the economy as the country’s most important problem, according to a Reuters/Ipsos poll last week., promoting steps including loosening regulations on oil and gas producers as well as cutting some taxes and government spending. But the party has not endorsed any policy document outlining the steps they would take on inflation.

Biden has sharpened his attack on Republicans in recent days, including dismissing former President Donald Trump’s “Make America Great Again” movement as extreme. “Voters know that Republican-led states are leading in economic recovery and job creation, and will vote for Republicans and our proven agenda come November,” said Emma Vaughn, a spokesperson for the Republican National Committee.

Biden took aim at a ‘Rescue America’ proposal from Republican Rick Scott, the U.S. senator from Florida, that includes a federal minimum income tax which the White House says would cost middle-class families $1,500 a year. Scott has said the plan is solely his own, despite his role as chairman of the National Republican Senatorial Committee, the campaign arm of the Senate Republican caucus. Republican Senate Minority Leader Mitch McConnell has rejected Scott’s calls to tax Americans who pay no income tax and

 

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